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Tuesday, 20 September 2016

NBE in talks with 20 banks to manage upcoming international bond

The National Bank of Egypt is in talks with 20 financial institutions to manage its upcoming international bond issuance, said board member Hussein El Refaie, Al Mal reported. Among the banks being tapped are HSBC, JPMorgan Chase, Citi, Deutsche Bank, and Morgan Stanley, he added. We had previously noted that the lender is planning to raise between USD 600 mn and USD 1 bn through an issuance in 1Q2017, however, El Refaie said the figure could reach up to USD 1.5 bn.

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